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Mario Bernadel found guilty in mortgage fraud cause
Real estate investor Mario Bernadel, 51, was convicted on 19 counts of fraud and money laundering Tuesday in U.S. District Court of Arizona for his role in a cash-back mortgage scheme said to have generated $20 million in fraudulent loans and cost lenders at least $2 million.
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Finra bars former Morgan Stanley adviser (at MarketWatch)
Finra bars former Morgan Stanley adviser
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Retail Opportunity Investment Corp. Acquires a Grocery and Drug Store Anchored Shopping Center in Paramount (Los Angeles County), California (GlobeNewswire)
PURCHASE, N.Y. -- Retail Opportunity Investments, Corp. , a fully integrated owner and operator of shopping centers, announced today that it has closed on the purchase of the Paramount Plaza located in Paramount, California, at a purchase price of $18.1 million in cash.
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[video] News Hub: Banking CEOs Grilled on Financial Crisis [6.1 min] (at MarketWatch)
WSJ's Jerry Seib gives an update on today's Financial Crisis Inquiry Committee hearing on Capitol Hill in which he says the heads of J.P. Morgan, Goldman Sachs, Morgan Stanley and Bank of America opened with the right mix of humility and gratitude, but remained defensive on bonuses.
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Sirius Could Boost Profit Next Year (TheStreet.com)
Chris Arbuthnot, manager of the John Hancock Global Opportunities Fund, expects earnings to increase at Sirius XM Radio starting next year as the company raises prices and reduces costs.
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